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Hyundai, Kia Sell Stake in Ola Electric, Exacerbating Share Slump
South Korean automakers Hyundai Motor and Kia sold about 136 million shares in Ola Electric Mobility on Tuesday. While Hyundai offloaded 108.8 million shares at an average price of 50.7 rupees (59 cents), Kia sold 27.17 million shares at 50.55 rupees a share. Ola Electric shares fall after 3.3 percent of equity traded in blocks.
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Ola Electric Aims for IPO by End of 2023, Hires Goldman Sachs, Kotak to Manage Share Sale
Ola Electric is planning a stock market listing by the end of 2023, and has appointed investment bank Goldman Sachs and domestic bank Kotak to manage the share sale, a source with direct knowledge of the matter told Reuters.
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Ola Electric to Invest $920 Million in Tamil Nadu to Manufacture Electric Cars, Batteries: Details
Ola Electric on Saturday said it would invest $920 million (roughly Rs. XXX crore) in Tamil Nadu to manufacture electric cars and EV batteries. The investments, to be made through its subsidiaries Ola Electric Technologies and Ola Cell Technologies, will help the company make 140,000 cars annually and hire 3,111 workers in the state, according to O...
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Tamil Nadu Becomes Latest Indian State to Unveil Electric Vehicle Policy
The Tamil Nadu government on Tuesday unveiled its electric vehicle (EV) policy 2023 which aims to garner investments to the tune of Rs. 50,000 crore and generate 1.50 lakh jobs, in a boost to the EV industry. Chief Minister M K Stalin formally released the new policy in the presence of government officials at the Secretariat here.
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Hero's First Electric Scooter Hero Vida Launched, Bookings to Begin From October 10
India's Hero Moto, the world's biggest motorcycle maker by sales, launched its first electric scooter worldwide on Friday as it looks to catch up with newer businesses that have taken the lead in the shift to cleaner transport. Hero has been a laggard in launching electric two-wheelers, giving startups such as Ather Energy, which is backed by Tiger...
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Ola Electric to Set Up Battery Innovation Centre in Bengaluru With In-House Production Capability
Ola Electric announced that it will invest $500 million (roughly Rs. 4,000 crore) to set up a Battery Innovation Centre (BIC) in Bengaluru. According to the company, the upcoming BIC will have more than 165 types of lab equipment to cover all aspects of cell related research and development. BIC will also be equipped with in-house production capab...
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Reliance, Ola Electric, Mahindra Bid For Incentives Under India's $2.4 Billion Battery Scheme
India wants to establish a total of 50 gigawatt hours (Gwh) of battery storage capacity over five years, which it expects will attract direct investment of about $6 billion.
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Ola Electric Invests In Israeli Fast-Charging Battery Start-Up StoreDot
StoreDot has pioneered silicon-dominant anode technology which reduces EV charging times from hours to just 5 minutes.
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Ola Electric Invests in Israeli Battery Rech Firm StoreDot
Ola Electric announced on Monday said it has invested in Israeli cell technology company StoreDot, a pioneer in batteries with extreme fast charging (XFC) solutions.
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Softbank-Backed Ola Electric Plans 50Gwh India Battery Plant In EV Push- Sources
The initial plan is to set up 1Gwh of battery capacity by 2023 and expand it to 20GWh over the next 3-4 years, said another source aware of the plans, adding that this alone will need an investment of up to $1 billion.
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Ola Electric Announces Global Engineering & Vehicle Design Centre In The UK
The Ola Futurefoundry will be based in Coventry, in the UK, and the company will invest $100 million over the next 5 years.
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Ola Electric Car Teased For The First Time
The teaser image suggest that the car would be a swanky looking battery-electric hatchback and the latest teaser image comes just a day after Aggarwal hinted that an electric car is in the making.
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Ola Electric Raises A Fresh Investment Of $200 Million, Raises Valuation To $5 Billion
Ola Electric's fresh investment of $200 million comes from Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss and others, which has further increased the company's valuation at $5 billion.
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Reliance, Ola Electric, Mahindra Bid For Incentives Under India's $2.4 Billion Battery Scheme
India wants to establish a total of 50 gigawatt hours (Gwh) of battery storage capacity over five years, which it expects will attract direct investment of about $6 billion.
-
Mercedes-Benz Partners With Stellantis To Make Battery Cells For EVs
Mercedes has invested around half a billion Euros in the joint venture
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Hyundai, Kia Sell Stake in Ola Electric, Exacerbating Share Slump
South Korean automakers Hyundai Motor and Kia sold about 136 million shares in Ola Electric Mobility on Tuesday. While Hyundai offloaded 108.8 million shares at an average price of 50.7 rupees (59 cents), Kia sold 27.17 million shares at 50.55 rupees a share. Ola Electric shares fall after 3.3 percent of equity traded in blocks.
-
Ola Electric Aims for IPO by End of 2023, Hires Goldman Sachs, Kotak to Manage Share Sale
Ola Electric is planning a stock market listing by the end of 2023, and has appointed investment bank Goldman Sachs and domestic bank Kotak to manage the share sale, a source with direct knowledge of the matter told Reuters.
-
Ola Electric to Invest $920 Million in Tamil Nadu to Manufacture Electric Cars, Batteries: Details
Ola Electric on Saturday said it would invest $920 million (roughly Rs. XXX crore) in Tamil Nadu to manufacture electric cars and EV batteries. The investments, to be made through its subsidiaries Ola Electric Technologies and Ola Cell Technologies, will help the company make 140,000 cars annually and hire 3,111 workers in the state, according to O...
-
Tamil Nadu Becomes Latest Indian State to Unveil Electric Vehicle Policy
The Tamil Nadu government on Tuesday unveiled its electric vehicle (EV) policy 2023 which aims to garner investments to the tune of Rs. 50,000 crore and generate 1.50 lakh jobs, in a boost to the EV industry. Chief Minister M K Stalin formally released the new policy in the presence of government officials at the Secretariat here.
-
Hero's First Electric Scooter Hero Vida Launched, Bookings to Begin From October 10
India's Hero Moto, the world's biggest motorcycle maker by sales, launched its first electric scooter worldwide on Friday as it looks to catch up with newer businesses that have taken the lead in the shift to cleaner transport. Hero has been a laggard in launching electric two-wheelers, giving startups such as Ather Energy, which is backed by Tiger...
-
Ola Electric to Set Up Battery Innovation Centre in Bengaluru With In-House Production Capability
Ola Electric announced that it will invest $500 million (roughly Rs. 4,000 crore) to set up a Battery Innovation Centre (BIC) in Bengaluru. According to the company, the upcoming BIC will have more than 165 types of lab equipment to cover all aspects of cell related research and development. BIC will also be equipped with in-house production capab...
-
Reliance, Ola Electric, Mahindra Bid For Incentives Under India's $2.4 Billion Battery Scheme
India wants to establish a total of 50 gigawatt hours (Gwh) of battery storage capacity over five years, which it expects will attract direct investment of about $6 billion.
-
Ola Electric Invests In Israeli Fast-Charging Battery Start-Up StoreDot
StoreDot has pioneered silicon-dominant anode technology which reduces EV charging times from hours to just 5 minutes.
-
Ola Electric Invests in Israeli Battery Rech Firm StoreDot
Ola Electric announced on Monday said it has invested in Israeli cell technology company StoreDot, a pioneer in batteries with extreme fast charging (XFC) solutions.
-
Softbank-Backed Ola Electric Plans 50Gwh India Battery Plant In EV Push- Sources
The initial plan is to set up 1Gwh of battery capacity by 2023 and expand it to 20GWh over the next 3-4 years, said another source aware of the plans, adding that this alone will need an investment of up to $1 billion.
-
Ola Electric Announces Global Engineering & Vehicle Design Centre In The UK
The Ola Futurefoundry will be based in Coventry, in the UK, and the company will invest $100 million over the next 5 years.
-
Ola Electric Car Teased For The First Time
The teaser image suggest that the car would be a swanky looking battery-electric hatchback and the latest teaser image comes just a day after Aggarwal hinted that an electric car is in the making.
-
Ola Electric Raises A Fresh Investment Of $200 Million, Raises Valuation To $5 Billion
Ola Electric's fresh investment of $200 million comes from Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss and others, which has further increased the company's valuation at $5 billion.
-
Reliance, Ola Electric, Mahindra Bid For Incentives Under India's $2.4 Billion Battery Scheme
India wants to establish a total of 50 gigawatt hours (Gwh) of battery storage capacity over five years, which it expects will attract direct investment of about $6 billion.
-
Mercedes-Benz Partners With Stellantis To Make Battery Cells For EVs
Mercedes has invested around half a billion Euros in the joint venture
